Family Business Succession in Farming

Succession planning as a farmer can be challenging for all involved in the family business. Only 13% of family-run businesses have a succession plan in place and that is reflected in the statistics, with only 30% of family-run businesses surviving into the second generation.

Having an effective succession plan is vital and it should be an intrinsic part of the overall planning for the long-term future of the business and not treated as a separate issue, as it is a process and not an event.

Although there is no one-size-fits all solution, during this workshop we will help start you on the process of developing a transition plan from one generation to the next.

In this free session we will focus on two key areas:

• Understanding the dynamics of a family business
• Planning for a generational change in a farming business

Much of the information we will cover is relevant for any family planning and how they approach moving assets from one generation to the next – it is a good starting point for discussions and planning.

Workshop details:

This is an online session, delivered via Zoom.

Eligibility:

This workshop is available to any farmer or land manager in Devon, Somerset, Dorset, Cornwall, or the Isles of Scilly currently in receipt of BPS payments.

If you have any questions please call us on 01837 659 059 or email team@businessinfopoint.co.uk. Please check our privacy policy and Devon County Council’s privacy policy to see how we store and manage your submitted data.